Short Interest in Ares Acquisition Co. II (NYSE:AACT) Decreases By 57.7%

Ares Acquisition Co. II (NYSE:AACT - Get Free Report) was the target of a significant decline in short interest in February. As of February 15th, there was short interest totalling 4,400 shares, a decline of 57.7% from the January 31st total of 10,400 shares. Based on an average trading volume of 98,200 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company's stock are short sold.

Ares Acquisition Co. II Price Performance

Shares of NYSE:AACT traded up $0.01 on Tuesday, hitting $11.08. 67,161 shares of the company traded hands, compared to its average volume of 126,165. Ares Acquisition Co. II has a 52 week low of $10.53 and a 52 week high of $11.12. The stock has a 50 day simple moving average of $11.01 and a 200-day simple moving average of $10.91.

Institutional Trading of Ares Acquisition Co. II

Several institutional investors have recently added to or reduced their stakes in AACT. Virtu Financial LLC lifted its holdings in shares of Ares Acquisition Co. II by 4.2% during the 4th quarter. Virtu Financial LLC now owns 22,710 shares of the company's stock valued at $249,000 after buying an additional 914 shares during the period. Jane Street Group LLC purchased a new position in shares of Ares Acquisition Co. II in the fourth quarter valued at about $883,000. FNY Investment Advisers LLC bought a new position in shares of Ares Acquisition Co. II during the fourth quarter worth $1,110,000. Mizuho Securities USA LLC bought a new position in Ares Acquisition Co. II during the fourth quarter valued at $3,534,000. Finally, Decagon Asset Management LLP purchased a new position in Ares Acquisition Co. II during the fourth quarter worth $4,089,000. 72.95% of the stock is currently owned by hedge funds and other institutional investors.

Remove Ads

About Ares Acquisition Co. II

Ares Acquisition Corp. II is a blank check company which engages in effecting a merger, share exchange, asset acquisition, share purchase, and reorganization or similar business combination. The company was founded on March 15, 2021 and is headquartered in New York, NY.